Built-Out Restaurant with Commercial
1111 Hennepin Avenue, Minneapolis, MN 55403
Turnkey restaurant building with full kitchen, bar, dining, and walk-ins; two tenants on-site.
Type:Retail
Property size:
6,098 SFLot size:
0.17 AcresPrice / SF:
$261/SF- Added:
- Jun 16, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 20 at 3:08 am
Property Features for 1111 Hennepin Avenue
General Information
- Standard status
- Active
- Size
- 6,098 SF
- Lot size
- 0.17 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1947
Listing office Fidler Commercial
Listing date Jun 16, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Fidler Commercial
HighLights
- 6,098 SF building on a 7,214 SF parcel, built in 1947
- Restaurant portion is extensively improved with full commercial kitchen, bar areas, and dining space
- Includes walk‑in coolers, storage areas, and customer restrooms for high‑volume food and beverage operations
- Currently occupied by two tenants, including a long‑term Domino's Pizza location
- Restaurant tenant indicated willingness to terminate its lease in connection with a sale to an owner‑occupant
Overview
This offering is a 6,098-square-foot restaurant building on a 7,214-square-foot parcel, currently occupied by two tenants. The restaurant portion is extensively improved with a full commercial kitchen, bar areas, dining space, walk-in coolers, and dedicated storage. It also includes customer restrooms and the in-place kitchen and food-and-beverage operating infrastructure needed for high-volume service.
The property is located at 1111 Hennepin Avenue in Minneapolis, MN 55403. It benefits from dedicated parking and is positioned within one of Minneapolis’ most established dining and entertainment districts, supporting an on-premises experience for customers.
For a restaurant operator or hospitality group, the key advantage is the existing, fully built-out functionality. The current restaurant tenant has indicated a willingness to terminate its lease in connection with a sale to an owner-occupant, which can reduce the cost, time, and uncertainty associated with a ground-up build-out. The property is also described as having supplemental income through a long-term Domino’s Pizza location, providing an additional consideration for investors and owner-users evaluating restaurant real estate in Minneapolis.
The property is located at 1111 Hennepin Avenue in Minneapolis, MN 55403. It benefits from dedicated parking and is positioned within one of Minneapolis’ most established dining and entertainment districts, supporting an on-premises experience for customers.
For a restaurant operator or hospitality group, the key advantage is the existing, fully built-out functionality. The current restaurant tenant has indicated a willingness to terminate its lease in connection with a sale to an owner-occupant, which can reduce the cost, time, and uncertainty associated with a ground-up build-out. The property is also described as having supplemental income through a long-term Domino’s Pizza location, providing an additional consideration for investors and owner-users evaluating restaurant real estate in Minneapolis.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.4k | $18.60 |
| − Vacancy | −$3.2k | −$0.52 |
| EGI | $110.2k | $18.08 |
| − OpEx | −$27.6k | −$4.52 |
| NOI | $82.7k | $13.56 |
6,098 SF · lease $18.60/SF/yr · vacancy 2.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,685 @ 7.0% cap · market cap 5.18%
Second Best
Industrial
$925.1K
$809.4K – $1.08M
NOI $64,754 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,840 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
The Bulldog Downtown
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2794097
- Latitude
- 44.9747863
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant building with full kitchen, bar, dining, and walk-ins; two tenants on-site.
Where is this conventional restaurant located?
The property is located at 1111 Hennepin Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 6,098 SF building on a 7,214 SF parcel, built in 1947; Restaurant portion is extensively improved with full commercial kitchen, bar areas, and dining space; Includes walk‑in coolers, storage areas, and customer restrooms for high‑volume food and beverage operations
